11 Bank Failures In 2008 And Counting
Read the full article: http://jeflin.net/2008/09/05/11-bank-failures-in-2008-and-co...
Mortgage-related troubles continue to haunt regional banks. The melt down of the housing market has created a self-reinforcing spiral where lower prices lead to more defaults and unsold inventory, which in turn causes prices to slide further and depress demand because investors shy away from such devaluing assets.
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